PENNICHUCK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Cash Flows - Continued
For the Years Ended December 31, 2021 and 2020
{in thousands)
2021 2020
Cash Flows From Financing Activities:
Borrowings (payments) on lines of credit, net S 1,128 S (3,803)
Payments on long-term debt (6,046) (65,649)
Contributions in aid of construction 40 35
Proceeds from long-term borrowings 9,614 87,290
Debt issuance costs (302) (11,922)
Dividends paid (279) (279)
Net cash provided by financing activities 4,155 5,672
Increase (Decrease) in cash, cash equivalents, and restricted cash 4,972 (842)
Cash, cash equivalents, and restricted cash at beginning of period 9,432 10,274
Cash, cash equivalents, and restricted cash at end of period i) 14,404 i) 9,432
Supplemental Disclosure of Cash Flow and Non-cash Items
For the Years Ended December 31, 2021 and 2020 (in thousands)
2021 2020
Cash paid during the period for:
Interest S 10,907 S 11,207
Income taxes 105 96
Non-cash ites:
Contributions in aid of construction 2,093 3,391
Forgiveness of debt 89 89
The accompanying notes are an integral part of these consolidated financial statements.
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